Prescription Drug Information
Part D Prescription Drug Coverage: Big Changes in 2025
As part of the Inflation Reduction Act passed in 2022, there are major changes impacting Medicare Part D Prescription Drug Coverage that enrollees need to know about. Some of changes have already been in effect, like $0 copays for Part D covered vaccines, and eliminating cost-sharing in the Part D catastrophic coverage phase (members who…
Read MoreMedicare Premium, Deductible, and Cost-Sharing Changes for 2025
The Centers for Medicare & Medicaid Services (CMS) update Medicare premiums, deductibles, and coinsurance amounts for Part A and Part B, and the Medicare Part D income-related monthly adjustment amounts known as IRMAA annually. The 2025 changes are summarized below. Medicare Part B Premium & Deductible Medicare Part B covers physician’s services, outpatient hospital services,…
Read MoreUnderstanding Part D Coverage and Costs
Medicare Part D prescription drug coverage may just be the most confusing part of Medicare, but it’s getting easier starting in 2025. Estimating your annual prescription drug costs goes beyond just looking at the monthly premium of your plan. Part D costs also depend on: Below we explain more about these factors so you can…
Read MoreWhat if a Medication is Not Covered by your Part D Plan?
Medicare Part D is a prescription drug insurance plan for people with Medicare provided through private insurance companies that contract with the federal government. Eligible individuals can choose to enroll in either a stand-alone prescription drug plan (PDP) or a Medicare Advantage plan that provides Part D prescription drug coverage (MAPD). Every Part D plan has…
Read MoreChanges Coming to Part D Prescription Drug Costs
The Senate passed the Inflation Reduction Act on August 7, 2022, which has significant provisions affecting Medicare drug prices. In addition, most Part D plans change annually. The changes you may see with your Part D plan include a different premium, deductible, cost-sharing limits, and covered drugs. Below is a summary of some of the…
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